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Toshiba Corporation (OTC: TOSBF), the large memory chip manufacturer, said that it has sold out of its supply of NAND flash memory. Also, there have been reports that increased handset and smartphone demand is leading to a pick up in demand for chips in general.Micron Technology (NYSE: MU) reports results today so it will be interesting to see what they have to say and whether any of their diversification efforts are having success.
Intel Corporation (NASDAQ: INTC) recently upped its revenue guidance, National Semiconductor Corporation (NYSE: NSM) reported results in line with positive guidance and Texas Instruments Inc (NYSE: TXN) provided mid-quarter guidance with no positive surprise.
Micron is one moribund stock sitting at a low. The stock looks pretty washed-out with limited downside risk. It may be worth a look going into today's earnings release.
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